Guidewire Software, Inc. (NYSE:GWRE) Receives $216.23 Consensus Price Target from Analysts

Shares of Guidewire Software, Inc. (NYSE:GWRE) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $216.2308.

GWRE has been the topic of a number of recent analyst reports. Oppenheimer upped their target price on Guidewire Software from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Stifel Nicolaus cut their target price on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Monday, August 31st. Wells Fargo & Company lifted their price target on Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Finally, DA Davidson reissued a “buy” rating and issued a $222.00 price objective on shares of Guidewire Software in a report on Friday, September 4th.

Guidewire Software Trading Up 8.6%

Shares of GWRE opened at $153.04 on Friday. Guidewire Software has a twelve month low of $102.30 and a twelve month high of $255.91. The firm has a market capitalization of $12.74 billion, a P/E ratio of 93.89 and a beta of 0.97. The company has a current ratio of 1.79, a quick ratio of 2.44 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $163.27 and its 200 day simple moving average is $147.43.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. During the same quarter in the prior year, the business earned $0.84 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities research analysts forecast that Guidewire Software will post 2.46 earnings per share for the current year.

Insider Activity at Guidewire Software

In other news, insider James King sold 1,684 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the sale, the insider directly owned 30,018 shares in the company, valued at approximately $3,921,551.52. The trade was a 5.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO David Peterson sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $200.00, for a total value of $500,000.00. Following the sale, the chief accounting officer directly owned 9,787 shares in the company, valued at approximately $1,957,400. This represents a 20.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 33,132 shares of company stock worth $5,584,477 over the last quarter. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GWRE. Tidal Investments LLC boosted its stake in Guidewire Software by 20.5% in the second quarter. Tidal Investments LLC now owns 11,134 shares of the technology company’s stock valued at $1,370,000 after acquiring an additional 1,895 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $53,000. Baird Financial Group Inc. lifted its holdings in shares of Guidewire Software by 86.8% in the 2nd quarter. Baird Financial Group Inc. now owns 2,811 shares of the technology company’s stock worth $346,000 after purchasing an additional 1,306 shares during the last quarter. Nykredit A S acquired a new position in Guidewire Software during the 2nd quarter valued at approximately $360,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Guidewire Software during the 2nd quarter valued at approximately $1,116,000.

About Guidewire Software

Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company’s principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.